Allston-Brighton is one of Boston’s real estate bright spots right now. First time homebuyers and investors are flocking to the area because of its moderate entry prices, close proximity to downtown, growth in public transportation, booming neighborhood amenities, and large parcels that allow scale or mixed use.
For those exploring the market, the sweet spot might be acquiring property now before some of the major infrastructure and landmark developments complete — supplies still haven’t fully caught up with demand, especially for more family-friendly and mixed use housing.
Allston- Brighton condos have been selling at a median $740/sqft, and homes are selling at around $770/sq ft in the area. Comparatively, this is much lower than price points in neighboring Back Bay where condos trade anywhere from $1,300–$1,600 per square foot.
The fact that Allston-Brighton pricing remains significantly lower (often half to two-thirds) than the “core” Boston neighborhoods suggests there’s room for appreciation, especially as new developments, transit improvements, and amenity growth continue. Investors who enter this booming neighborhood are likely to capitalize on their investment and capture that “gap” growth as the neighborhood densifies.
If you're looking to explore the possibilities in Allston-Brighton, reach out to Nicole. As a Brighton resident, Nicole is seeing the changes happen in the neighborhood and sees opportunity for homebuyers in Boston.
